Following a landmark peace agreement and a late-2016 tax reform package, 2017 looks to be a year of significant promise for Colombia. The country has been in recovery since the 2014 collapse in oil prices, which predominantly affected exports, government revenues and the exchange rate. However, with the external sector acting as a shock absorber, the authorities helped ensure that domestic demand was able to pick up some of the slack.
Benefitting from an advantageous geographic position flanking critical global trade routes between North America, ASEAN and Australia, the Philippines is well positioned to transform its transport sector into a major economic growth driver in the coming years, bolstered by rising maritime trade, air passenger volumes and commuter traffic. There is plenty of room for improvement, however....
Despite gloomy global trade forecasts, the Philippines’ strong macroeconomic fundamentals, competitive geographical and labour force advantages, and rising domestic consumption bode well for future trade and investment.
The transport sector has long played a key role in Tunisia’s development given the country’s focus on exports and tourism. A combination of low logistical costs and proximity to European markets helped it attract visitors and export everything from olive oil to airplane components. As part of the Tunisia 2020 strategy, the government has been looking to regain logistical competitiveness and...
The past two years have seen the Tunisian economy follow a gentle upward trajectory – one that falls short of the pace of expansion needed to reduce poverty and improve the revenue base, but that nonetheless exhibits a marked improvement over previous years.
Transport and logistics are at the core of Kenya’s economic narrative due to the country’s role as a trans-shipment hub for goods moving on to landlocked countries in East and Central Africa. The Port of Mombasa is a crucial landing point for goods, and links to the Northern Corridor that runs west across the country to the neighbouring markets of Uganda, Rwanda, Burundi and the Democratic...
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